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1. Discuss the capital budgeting process and the inputs that are used in capital budgeting. 2. What is the target cost, and how is it determined? 3. What is the transfer price? Why is determining a fair transfer price important for division managers? 4. How is transfer pricing used to assess performance?
Moran corporation has these accounts at December 31:common stock,$10 par, 5000 shares issued,$50,000;paid in capital in excess of par value $18,000, retained earning $42,000, and treasury stock-common, 500 share,$12,000. Prepare the stock holders ..
Rockland Corporation earned net income of $389,700 in 2010 and had 100,000 shares of common stock outstanding throughout the year. Also outstanding all year was $1,039,200 of 10% bonds, which are convertible into 20,784 shares of common. Rockland'..
The estimate for sampling error results because the auditor has sampled only a portion of the population. Sampling error represents the:
Imagine a invester has increased your budget by $22,500. The investor does not need to be repaid. Rather, he becomes part owner of your business. Will the investor contribute enough money to meet the costs of rent and utilities? Support your answe..
Determine net income assuming 1000 haircuts are given each month.
Williamson Group operates a chain of bookstores. A recent business expansion plan resulted in the opening of more than 25 new stores. The Upland store has one more feature that the Stowe store does not have-a small coffe shop.
In 400 words describe brainstorming risk management techniques and the rationale behind selecting brainstorming risk management technique.
work in process inventory on december 31,2011, is $42,000. work in process inventory decreased 40% during 2011. total manufacturing cost incurred in 2011 amount to $260,000. what is cost of goods manufactured?
Sylva transfers to Leaf Corporation a machine she had purchased a year ago for $50,000. The machine has a $40,000 adjusted basis and a $55,000 FMV on the transfer date.
The gift shop uses an online e-cash processing company, which deposits cash receipts to the gift shop's bank account automatically. What strategies should the gift shop implement to ensure proper accounting for cash receipts generate from online s..
Compute the labor rate variance, the labor efficiency variance, and the total direct labor cost variance for October and for November.
On December 31, 2011, Henry, a sole proprietor, sold for $65,000 a machine that was used in his business. The machine had been purchased in 2003 for $50,000, and when it was sold it had an adjusted basis of $30,000. For the year 2011, how should t..
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